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GE Aerospace Financials

GE
Trailing 12 months to June 30, 2026
Revenue $50.6B +21.7% YoY
Net Income $9.0B +15.7% YoY
EPS (Diluted) $8.48 +18.3% YoY
Free Cash Flow $8.4B +52.9% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

GE Aerospace (GE) reported $50.6B in revenue over the twelve months to Jun 30, 2026, up 21.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GE FY2025

GE Aerospace’s dominant mechanic is rising cash conversion paired with aggressive capital returns that compress an already thin equity base.

FY2025 operating cash flow of $8.5B nearly matched net income of $8.7B, a cash-conversion profile unlike the weaker FY2024 relationship. With free cash flow margin reaching 15.8% despite capex of $1.3B, the improvement reflects more than simply deferring reinvestment.

Balance-sheet compression is becoming more visible: debt-to-equity reached 1.0x in FY2025 as total equity fell to $18.7B, so higher returns are being earned on a smaller capital base. Return on equity reached 46.6%, making the denominator effect material rather than a pure operating readout.

The current ratio slipped to 1.0x, leaving little separation between current assets and current liabilities. Meanwhile, FY2025 financing outflow was -$8.7B while buybacks alone were $7.6B, linking part of the equity contraction to distributions rather than operating losses.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 36 / 100
Financial Health Score 36/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of GE Aerospace's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for GE Aerospace, and counted as zero in the overall score.

Growth
73

GE Aerospace's revenue surged 18.5% year-over-year to $45.9B, reflecting rapid business expansion. This strong growth earns a score of 73/100.

Leverage
46

GE Aerospace has a moderate D/E ratio of 1.01. This balance of debt and equity financing earns a leverage score of 46/100.

Liquidity
21

GE Aerospace's current ratio of 1.04 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
75

GE Aerospace converts 15.8% of revenue into free cash flow ($7.3B). This strong cash generation earns a score of 75/100.

Returns
0

Not available for GE Aerospace, and counted as zero in the overall score.

Piotroski F-Score Partial
5/8

GE Aerospace passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
0.98x

For every $1 of reported earnings, GE Aerospace generates $0.98 in operating cash flow ($8.5B OCF vs $8.7B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$45.9B
YoY+18.5%
5Y CAGR-4.6%
10Y CAGR-9.0%

GE Aerospace generated $45.9B in revenue in fiscal year 2025. This represents an increase of 18.5% from the prior year.

Net Income
$8.7B
YoY+32.8%
5Y CAGR+8.8%

GE Aerospace reported $8.7B in net income in fiscal year 2025. This represents an increase of 32.8% from the prior year.

EPS (Diluted)
$8.14
YoY+35.9%

GE Aerospace earned $8.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.9% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$7.3B
YoY+97.5%
5Y CAGR+28.3%
10Y CAGR-5.3%

GE Aerospace generated $7.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 97.5% from the prior year.

Cash & Debt
$12.4B
YoY-9.0%
5Y CAGR-19.4%
10Y CAGR-16.0%

GE Aerospace held $12.4B in cash against $18.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.44
YoY+28.6%

GE Aerospace paid $1.44 per share in dividends in fiscal year 2025. This represents an increase of 28.6% from the prior year.

Shares Outstanding
1.05B
YoY-2.3%

GE Aerospace had 1.05B shares outstanding in fiscal year 2025. This represents a decrease of 2.3% from the prior year.

Margins & Returns

Net Margin
19.0%
YoY+2.0pp
5Y CAGR+9.2pp
10Y CAGR+24.2pp

GE Aerospace's net profit margin was 19.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity
46.6%
YoY+12.7pp
5Y CAGR+30.6pp
10Y CAGR+52.8pp

GE Aerospace's ROE was 46.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.7 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending
$1.6B
YoY+22.9%
5Y CAGR-1.7%
10Y CAGR-11.4%

GE Aerospace invested $1.6B in research and development in fiscal year 2025. This represents an increase of 22.9% from the prior year.

Share Buybacks
$7.6B
YoY+29.6%
5Y CAGR+206.3%

GE Aerospace spent $7.6B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 29.6% from the prior year.

Capital Expenditures
$1.3B
YoY+23.4%
5Y CAGR-0.8%
10Y CAGR-16.0%

GE Aerospace invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.4% from the prior year.

GE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GE quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$13.3B+7.7%$12.4B-2.5%$12.7B+4.4%$12.2B+10.5%$11.0B+11.0%$9.9B-8.1%$10.8B+9.9%$9.8B
Cost of RevenueN/AN/AN/AN/AN/AN/A$6.8B+8.6%$6.2B
Gross ProfitN/AN/AN/AN/AN/AN/A$4.1B+12.0%$3.6B
R&D Expenses$460.0M+4.5%$440.0M-1.6%$447.0M+7.7%$415.0M+15.6%$359.0M0.0%$359.0MN/A$331.0M
SG&A Expenses$1.1B+4.3%$1.1B+8.7%$997.0M-16.6%$1.2B+17.2%$1.0B+16.4%$876.0MN/A$1.3B
Income Tax$407.0M+61.5%$252.0M-35.4%$390.0M+13.4%$344.0M-11.3%$388.0M+37.1%$283.0MN/A$198.0M
Net Income$2.4B+24.5%$1.9B-25.1%$2.5B+17.8%$2.2B+6.4%$2.0B+2.5%$2.0B+4.2%$1.9B+2.5%$1.9B
EPS (Diluted)$2.26+24.9%$1.81-24.3%$2.39+18.3%$2.02+6.9%$1.89+3.3%$1.83+4.6%$1.75+2.9%$1.70

Not reported in any period shown, so not listed: Operating Income, Interest Expense.

GE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GE quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$127.7B-0.6%$128.4B-1.3%$130.2B+1.5%$128.2B+2.4%$125.3B+0.9%$124.1B+0.8%$123.1B-2.8%$126.7B
Current Assets$39.7B-1.6%$40.4B-0.6%$40.6B+1.3%$40.1B+6.0%$37.8B+0.6%$37.6B-0.2%$37.6B-2.6%$38.6B
Cash & Equivalents$9.3B-14.9%$11.0B-11.4%$12.4B-0.9%$12.5B+15.1%$10.9B-12.4%$12.4B-8.9%$13.6B-0.8%$13.7B
Inventory$12.4B+0.6%$12.4B+4.2%$11.9B+1.7%$11.7B+3.3%$11.3B+7.5%$10.5B+7.6%$9.8B+0.5%$9.7B
Goodwill$9.0B-0.5%$9.0B-0.6%$9.1B+0.2%$9.0B+0.4%$9.0B+3.6%$8.7B+1.9%$8.5B-2.5%$8.8B
Total Liabilities$109.8B-0.3%$110.1B-1.0%$111.3B+1.9%$109.2B+3.1%$105.9B+1.2%$104.7B+1.0%$103.6B-3.7%$107.6B
Current Liabilities$40.4B+1.0%$40.0B+2.7%$39.0B+4.8%$37.2B+2.0%$36.5B+4.4%$34.9B+1.6%$34.4B+0.9%$34.1B
Long-Term Debt$17.2B-5.6%$18.2B-3.4%$18.8B+0.2%$18.8B+10.4%$17.0B-2.8%$17.5B+1.5%$17.2B-5.5%$18.2B
Total Equity$17.6B-2.3%$18.1B-3.3%$18.7B-0.7%$18.8B-1.7%$19.1B-0.6%$19.3B-0.5%$19.3B+2.5%$18.9B
Retained Earnings$91.0B+2.1%$89.1B+1.6%$87.7B+2.5%$85.5B+2.1%$83.7B+2.0%$82.1B+2.0%$80.5B+2.0%$78.9B

Not reported in any period shown, so not listed: Accounts Receivable.

GE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GE quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$3.2B+75.3%$1.8B-20.1%$2.3B-8.8%$2.5B+11.4%$2.2B+48.8%$1.5B+16.3%$1.3B-14.0%$1.5B
Capital Expenditures$335.0M+1.2%$331.0M-23.2%$431.0M+40.4%$307.0M-6.1%$327.0M+57.2%$208.0M-22.1%$267.0M+0.4%$266.0M
Free Cash Flow$2.9B+91.7%$1.5B-19.4%$1.9B-15.7%$2.2B+14.3%$1.9B+47.5%$1.3B+26.3%$1.0B-17.1%$1.2B
Investing Cash Flow-$1.1B-14.7%-$919.0M-401.3%$305.0M+150.3%-$606.0M-13.3%-$535.0M-68.8%-$317.0M-198.8%$321.0M-78.5%$1.5B
Financing Cash Flow-$3.6B-25.8%-$2.8B-0.2%-$2.8B-672.1%-$366.0M+88.6%-$3.2B-40.4%-$2.3B-5.0%-$2.2B-49.1%-$1.5B
Share Buybacks$2.1B-11.3%$2.4B+20.1%$2.0B+8.3%$1.8B+5.7%$1.7B-11.2%$2.0B+17.8%$1.7B+8.6%$1.5B

Not reported in any period shown, so not listed: Dividends Paid.

GE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

GE quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Gross MarginN/AN/AN/AN/AN/AN/A37.5%+0.7pp36.7%
Net Margin17.8%+2.4pp15.4%-4.6pp20.0%+2.3pp17.7%-0.7pp18.4%-1.5pp19.9%+2.3pp17.6%-1.3pp18.8%
Return on Equity13.4%+2.9pp10.5%-3.1pp13.6%+2.1pp11.5%+0.9pp10.6%+0.3pp10.3%+0.5pp9.8%0.0pp9.8%
Return on Assets1.9%+0.4pp1.5%-0.5pp1.9%+0.3pp1.7%+0.1pp1.6%0.0pp1.6%+0.1pp1.5%+0.1pp1.5%
Current Ratio0.980.0x1.010.0x1.040.0x1.080.0x1.040.0x1.080.0x1.090.0x1.13
Debt-to-Equity0.970.0x1.010.0x1.010.0x1.00+0.1x0.890.0x0.910.0x0.89-0.1x0.97
FCF Margin21.4%+9.4pp12.0%-2.5pp14.5%-3.5pp18.0%+0.6pp17.4%+4.3pp13.1%+3.6pp9.5%-3.1pp12.6%

Not reported in any period shown, so not listed: Operating Margin.

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Frequently Asked Questions

What is GE Aerospace's annual revenue?

GE Aerospace (GE) reported $45.9B in total revenue for fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GE Aerospace's revenue growing?

GE Aerospace (GE) revenue grew by 18.5% year-over-year, from $38.7B to $45.9B in fiscal year 2025.

Is GE Aerospace profitable?

Yes, GE Aerospace (GE) reported a net income of $8.7B in fiscal year 2025, with a net profit margin of 19.0%.

GE Aerospace (GE) reported diluted earnings per share of $8.14 for fiscal year 2025. This represents a 35.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, GE Aerospace (GE) had $12.4B in cash and equivalents against $18.8B in long-term debt.

GE Aerospace (GE) had a net profit margin of 19.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, GE Aerospace (GE) paid $1.44 per share in dividends during fiscal year 2025.

GE Aerospace (GE) has a return on equity of 46.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

GE Aerospace (GE) generated $7.3B in free cash flow during fiscal year 2025. This represents a 97.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

GE Aerospace (GE) generated $8.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

GE Aerospace (GE) had $130.2B in total assets as of fiscal year 2025, including both current and long-term assets.

GE Aerospace (GE) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

GE Aerospace (GE) invested $1.6B in research and development during fiscal year 2025.

Yes, GE Aerospace (GE) spent $7.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

GE Aerospace (GE) had 1.05B shares outstanding as of fiscal year 2025.

GE Aerospace (GE) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

GE Aerospace (GE) had a debt-to-equity ratio of 1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

GE Aerospace (GE) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

GE Aerospace (GE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

GE Aerospace (GE) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

GE Aerospace (GE) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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